Launch of Monochrome Ethereum ETF on Cboe Australia

by Giorgi Kostiuk

2 years ago

Made with AI

Launch of Ethereum ETF
Monochrome Bitcoin ETF: IBTC
Conclusion

Monochrome, an Australian asset management firm, has applied for listing the Monochrome Ethereum ETF (IETH) on Cboe Australia. The ETF will provide Australian investors with exposure to Ethereum.

Launch of Ethereum ETF

Monochrome, in collaboration with Vasco Trustees Limited, has officially applied to list the Monochrome Ethereum ETF (IETH) on Cboe Australia. The new fund will offer Australian investors exposure to Ethereum, further strengthening Monochrome's presence in the Australian digital asset market. The IETH is expected to be available by late September 2024 and will be traded through major brokerage platforms. Unlike unregulated crypto investment methods, the IETH fund will be a fully regulated product designed to passively hold Ethereum, allowing both cash and in-kind transactions.

Monochrome Bitcoin ETF: IBTC

The application for the Ethereum ETF listing follows the launch of the Monochrome Bitcoin ETF earlier this year in June. Monochrome applied for listing with Cboe Australia, a global exchange platform. The IBTC is the first Australian Bitcoin ETF licensed under the Australian Financial Services License (AFSL) for retail crypto-assets. According to the monthly redemption and issuance notice, as of August 31, aside from the $1 million unlisted units, the total net asset value of the fund is $11,008,032.

Conclusion

The launch of Monochrome's new Ethereum ETF underscores the company's efforts to expand its digital asset offerings and provide investors with a broader range of regulated investment tools.

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